To All of you who replied to this post...Thank You. My buddy asked me "Hey I grandpa's gun, its got a little rust and I want you to see if you can fix it and tell me what it is worth right now (he wants to give his mother a fair price for it) and what I might spend to get it repaired and then what it might be worth. " Holy hell...he must think I am a miracle worker!

The rust was so bad on the barrel I could barely make out SN. When I did it was 9L 5036X. So after reading this post I now know what he has.

Then I read on about the "Salt Wood" and questions about the type of rust that can occur! Well I have a few pics that can show just what is meant by rust! It is most certainly NOT surface rust :-)

Then the stocks finish was called into question. I happen to have an example of a stock that chips and peels. Again pics to follow.